The Japanese Yen (JPY) rises 0.4% against the US dollar (USD), keeping in the middle of the group between the G10 peers while the markets observe commercial conversations between Japan and the US. UU. In Washington. With the expectation that President Trump Asista, the meetings could mark a turning point for the recent strength of the JPY, which has been promoted by geopolitical uncertainty. Any relaxation in commercial tensions could weigh on the Yen as sure shelter if global actions recover, says Shaun Osborne, Strategy Chief of currencies of Scotiabank.
The JPY goes up before the important commercial conversations between Japan and the US.
“The JPY rises 0.4% against the USD and is an average yield between the G10, entering Wednesday’s NA session with an focus on trade while the main commercial negotiator of Japan visits Washington for conversations with their American counterparts. President Trump is also scheduled to attend the meeting.”
“Japan’s recent performance has been largely driven by commercial tensions with notable profits in particularly turbulent sessions of April 3 and 10. Relaxation in commercial tensions that helps raise global actions could be a short -term obstacle for YEN.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
